In the light of the Supreme Court’s decision, the Madras High Court reaffirmed that amendment relaxing the disallowance under Section 40(a)(ia) of the Income Tax Act is retrospective and curative in nature. The revenue filed an appeal under Section Section 260A of the Income Tax Act, 1961 against the order passed by the Income Tax […]
from Taxscan | Simplifying Tax Laws https://ift.tt/3aiF8hb
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